KLOORAMortgage Amortization Calculator
See how each year of your mortgage splits between principal and interest, and the remaining balance.
Quick answer: Mortgage Amortization Calculator: See how each year of your mortgage splits between principal and interest, and the remaining balance. Everything runs in your browser, so nothing you enter is uploaded or stored.
How to use Mortgage Amortization Calculator
- Enter your values in the fields.
- The results update instantly as you type.
- Note or copy the numbers you need.
Features
- Instant results
- Free, no signup
- Runs in your browser, nothing is uploaded
- Works on phone and desktop
How it works
Each month, interest equals balance x monthly rate. The rest of the payment reduces the balance.
Worked example
On 320,000 at 6.5 percent over 30 years, the payment is about 2,023. In year 1 about 20,700 of the 24,276 paid is interest.
Frequently asked questions
What is amortization?
Paying a loan down in equal payments where early payments are mostly interest and later ones mostly principal.
Can I see monthly detail?
This tool shows yearly totals, which is easier to read. Use the extra payment calculator to see savings.
Is the Mortgage Amortization Calculator free?
Yes. It is free, needs no signup and works on any device.